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Young savers with Bradford & Bingley are being told they cannot put more than £1,000 into their accounts “for business reasons.”Under-18s with accounts in their own name will not now be allowed to put more than £1,000 into savings accounts. If the balance is more than £1,000 they will not be allowed to top it […]

Egg admitted to a serious crack in its security yesterday.The Prudential-backed web site says it had a serious flaw three weeks ago, which allowed strangers full access to Egg credit card accounts when users believed they had logged out.The security glitch particularly affected customers accessing their accounts at internet cafes and workplaces, as anyone could […]

Endowment mortgages are being ditched by Nationwide.The move by Nationwide Investment Group follows last week&#39s scrapping of endowments by Pearl Assurance.Nationwide Investment Group managing director Bill Tonks said: “With such low volume of sales, it is not an effective use of resources to support a training and competence regime for endowments.”The NIG mortgage endowment plan […]

The Woolwich admits it is feeling the pressure from new players offering savings rates above the bank base rate.In a statement the bank said it has suffered a net outflow of deposits as a result from competition from new entrants The former building society said it had attracted customers to its fixed-rate savings accounts, but […]

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?

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Transaction reporting Transaction reporting is the reporting of information about trades in reportable financial instruments, such as shares, ETFs, VCTs, investment trusts and structured products. Reporting covers purchases, sales and modifications of reportable instruments. Mifid II proposes important changes to these obligations which will potentially affect all investment firms. Some exemptions will apply. For instance, […]

It may look strange that the second largest asset manager in the world is now pushing its new active funds in the UK market at a time when passive funds are seeing record flows. But having amassed more than $215bn globally in its funds since the start of the year, this is unlikely to be […]